Common use of Rent Payable Clause in Contracts

Rent Payable. A. Tenant shall pay all Rent to Landlord, without prior notice or demand and without offset, deduction or counterclaim whatsoever, in the amounts, at the rates and times set forth herein, and at such place as is provided in Section 1.01 .G, above, or by wire transfer to Landlord’s bank account or at such other place as Landlord may from time to time designate by notice to Tenant. B. If Tenant fails to make any payment of Rent within ten (10) days from the date that such Rent is due, Tenant shall pay Landlord a late payment charge equal to the greater of (i) five percent (5%) of such payment of Rent, or (ii) Twenty Dollars ($20.00) per day from the date such Rent is due until the date such Rent is received; provided, however, on the first occasion of the late payment of Rent in any twelve (12)-month period, and no more than once in any twelve (12)-month period, Landlord agrees to waive its right to collect such late payment charge on such payment of Rent if such payment is made no later than the fifth (5th) day after Landlord delivers to Tenant written notice of such late payment. Payment of such late charge shall not excuse or waive the late payment of Rent. C. If Landlord receives two (2) or more checks from Tenant that are dishonored by Tenant’s bank within any 24-month period, all checks for Rent thereafter shall be bank certified and Landlord shall not be required to accept checks except in such form. Tenant shall pay Landlord any bank service charges resulting from dishonored checks, plus Fifty Dollars ($50.00) for each dishonored check as compensation to Landlord for the additional cost of processing such check. D. Any payment by Tenant of less than the total Rent due shall be treated as a payment on account. Acceptance of any check bearing an endorsement, or accompanied by a letter stating, that such amount constitutes “payment in full” (or terms of similar import) shall not be an accord and satisfaction or a novation, and such statement shall be given no effect. Landlord may accept any check without prejudice to any rights or remedies which Landlord may have against Tenant. E. For any portion of a calendar month at the beginning of the Term, Tenant shall pay in advance the pro-rated amount of the Rent for each day included in such portion of the month.

Rent Payable. A. Tenant shall pay all the Rent payable under this Lease to Landlord, without prior notice demand therefor or demand and without offset, any setoff or deduction or counterclaim whatsoever, in the amounts, at the rates and times set forth hereinin this Lease in lawful money of the United States, and at such the place as is provided in Section 1.01 .G, above, or by wire transfer to Landlord’s bank account or at such other place as Landlord may designated from time to time designate by Landlord by notice given to Tenant. B. If . Unless another time shall be expressly provided for payment, Rent shall be due and payable on demand or together with the next succeeding installment of Minimum Rent, whichever shall first occur. Tenant's covenant to pay Rent shall be independent of every other covenant set forth in this Lease. Tenant fails shall also pay to Landlord all applicable sales or other taxes which may be imposed on any item of Rent at the same time as such item of Rent is due and payable to Landlord. In addition to constituting a default under this Lease, if Tenant shall fail to make any payment of Rent within ten (10) days from the date that such Rent is when due, Tenant shall pay Landlord a late payment charge equal to the greater of (i) five percent (5%) of such payment of Rent, or (ii) Twenty One Hundred Dollars ($20.00100.00) plus Ten Dollars ($10.00) per day from the date such Rent is due until the date such Rent is received; provided, however, commencing on the first occasion of the late payment of Rent in any twelve (12)-month period, and no more than once in any twelve (12)-month period, Landlord agrees to waive its right to collect such late payment charge on such payment of Rent if such payment is made no later than the fifth (5th5/th/) day after such default occurs and continuing for each day such default continues, to reimburse Landlord delivers to Tenant written notice of for its additional administrative costs in processing such late payment. Payment of such late charge Unless Landlord notifies Tenant otherwise, all Rent payments shall not excuse or waive the late payment of Rentbe made payable and sent to: Xxxxxx Springs, Dept. 77-6346, Xxxxxxx, Xxxxxxxx 00000-0000. C. If Landlord receives two (2) or more checks from Tenant that are dishonored by Tenant’s bank within any 24-month period, all checks for Rent thereafter shall be bank certified and Landlord shall not be required to accept checks except in such form. Tenant shall pay Landlord any bank service charges resulting from dishonored checks, plus Fifty Dollars ($50.00) for each dishonored check as compensation to Landlord for the additional cost of processing such check. D. B. Any payment by Tenant or acceptance by Landlord of less a lesser amount than the total Rent shall be due from Tenant to Landlord shall be treated as a payment on account. Acceptance The acceptance by Landlord of a check for C. If Tenant pays any installment of Rent by check bearing an endorsement, or accompanied by a letter stating, that such amount constitutes “payment in full” (or terms of similar import) shall not be an accord and satisfaction or a novation, and such statement shall be given no effect. check is returned for insufficient funds or other reasons not the fault of Landlord may accept any check without prejudice to any rights or remedies which Landlord may have against Tenant. E. For any portion of a calendar month at the beginning of the Termand not bank error, then Tenant shall pay Landlord, on demand, a processing fee of One Hundred Dollars ($100.00) per returned check plus all applicable late charges and if three (3) checks are returned for insufficient funds or other reasons not the fault of Landlord and not bank error, all subsequent payments to Landlord by Tenant shall be either in advance the pro-rated amount of the Rent for each day included in such portion of the montha certified or cashier's check.

Rent Payable. A. Tenant shall pay all Rent to Landlord, without prior notice or demand therefor and without any offset, deduction or counterclaim whatsoever, in the amounts, at the rates and at the times set forth herein, and at such place as is provided in Section 1.01 .G1.1., above, or by wire transfer to Landlord’s bank account or at such other place as Landlord may from time to time designate by written notice to Tenant. B. If In addition to constituting a breach under the Lease, and in addition to Landlord's other rights and remedies for such breach, if Tenant fails shall fail to make any payment of Rent within ten (10) days from after the date that such Rent is duedue date, Tenant shall pay to Landlord a late payment charge (the same being Additional Rent) in an amount equal to the greater of (i) five percent (5%) of such payment of Rent, or (ii) Twenty Dollars ($20.00) per day from the date such Rent is due until the date such Rent is received; provided, however, on the first occasion of the late . The payment of such Additional Rent in any twelve (12)-month period, and no more than once in any twelve (12)-month period, Landlord agrees to waive its right to collect such late payment charge on such payment of Rent if such payment is made no later than the fifth (5th) day after Landlord delivers to Tenant written notice of such late payment. Payment of such late charge shall not excuse or waive the late payment of Rent. C. If during the term Landlord receives two (2) or more checks from Tenant that which are dishonored returned by Tenant’s 's bank within any 24-month periodwithout honoring, Tenant agrees that all checks for Rent thereafter shall be bank certified and that Landlord shall not be required to accept checks except in such form. Tenant shall pay Landlord In addition to any bank service charges resulting from dishonored checks, plus which shall be borne by Tenant, Tenant shall pay to Landlord Fifty Dollars ($50.00) for on the occasion of each dishonored check as compensation to an administrative fee (the same being Additional Rent) compensating Landlord for the additional cost of expense involved in processing such check. D. Any payment by Tenant of less a lesser amount than the total Rent due under the Lease shall be treated as a payment on account. Acceptance of In the event that any check bearing bears an endorsementendorsement or statement, or is accompanied by a letter stating, that such lesser amount constitutes “"payment in full” " (or terms of similar import) ), Landlord's acceptance thereof shall not be an accord and satisfaction or a novation, and such statement shall be given no effect. Landlord may accept any check without prejudice to any rights or remedies which Landlord may have against Tenant. E. For any portion of a calendar month included at the beginning of the Term, Tenant shall pay in advance advance, at the pro-beginning of such portion, the pro- rated amount of the Rent (including, without limitation, Minimum Rent, Tax Estimates, Operating Costs Estimates, and Merchant's Association or Marketing Fund Dues) for each day included in such portion of the month.

Rent Payable. A. (a) Tenant shall pay all the Rent payable under this Lease to Landlord, without prior notice demand therefor or demand and without offset, any setoff or deduction or counterclaim whatsoever, in the amounts, at the rates and times set forth hereinin this Lease in lawful money of the United States, and at such the place as is provided in Section 1.01 .G, above, or by wire transfer to Landlord’s bank account or at such other place as Landlord may designated from time to time designate by Landlord by notice given to Tenant. B. . Tenant shall pay to Landlord the Minimum Rent provided in Section 1.1 in equal monthly installments, in advance, commencing on the Commencement Date and on the first day of each and every calendar month thereafter throughout the Term. If the Commencement Date is on other than the first day of a calendar month, Tenant fails shall, on the Commencement Date, pay a prorated portion of the Minimum Rent calculated based upon the actual number of days in such month. Unless another time shall be expressly provided for payment, all components of Rent other than Minimum Rent shall be due and payable on demand or together with the next succeeding installment of Minimum Rent, whichever shall first occur. Tenant’s covenant to pay Rent shall be independent of every other covenant set forth in this Lease. Tenant shall also pay to Landlord all applicable sales or other taxes which may be imposed on any item of Rent at the same time as such item of Rent is due and payable to Landlord. In addition to constituting a default under this Lease, if Tenant shall fail to make any payment of Rent within ten (10) days from the date that such Rent is when due, Tenant shall pay Landlord a late payment charge equal to the greater of (i) five percent a late charge of Five Hundred Dollars (5%) of such payment of Rent$500.00), or plus (ii) Twenty Dollars ($20.00) per day from the date such Rent is due until the date such Rent is received; provided, however, commencing on the first occasion of the late payment of Rent in any twelve (12)-month period, and no more than once in any twelve (12)-month period, Landlord agrees to waive its right to collect such late payment charge on such payment of Rent if such payment is made no later than the fifth (5th) day after Landlord delivers to Tenant written notice of such late payment. Payment of default occurs and continuing for each additional day such late charge shall not excuse or waive the late payment of Rent. C. If Landlord receives two (2) or more checks from Tenant that are dishonored by Tenant’s bank within any 24-month perioddefault continues, all checks for Rent thereafter shall be bank certified and Landlord shall not be required to accept checks except in such form. Tenant shall pay Landlord any bank service charges resulting from dishonored checks, plus Fifty Ten Dollars ($50.0010.00) per day to reimburse Landlord for each dishonored check as compensation its additional administrative costs in processing such payment. Unless Landlord notifies Tenant otherwise, all Rent payments shall be made payable and sent to Landlord for at the additional cost of processing such checkrent payment address set forth in Section l.1(v) above. D. (b) Any payment by Tenant or acceptance by Landlord of less a lesser amount than the total Rent shall be due from Tenant to Landlord shall be treated as a payment on account. Acceptance The acceptance by Landlord of a check for a lesser amount with an endorsement or statement thereon or in any check bearing an endorsement, or accompanied by a letter statingaccompanying such check, that such lesser amount constitutes “is payment in full” (or terms of similar import) shall not be an accord and satisfaction or a novation, and such statement full shall be given no effect. , and Landlord may accept any such check without prejudice to any other rights or remedies which Landlord may have against Tenant. E. For (c) If Tenant pays any portion installment of a calendar month at Rent by check and such check is returned for insufficient funds or other reasons not the beginning fault of the TermLandlord, then Tenant shall pay Landlord, on demand, a processing fee of One Hundred Dollars ($100.00) per returned check plus all applicable late charges and if three (3) checks are returned for insufficient funds or other reasons not the fault of Landlord, all subsequent payments to Landlord by Tenant shall be either in advance the pro-rated amount of the Rent for each day included in such portion of the montha certified or cashier’s check.

Rent Payable. A. Commencing on the Term Commencement Date, Tenant shall pay all Rent to Landlord, without prior notice or demand and and, except as otherwise expressly set forth in this Lease, without offset, deduction or counterclaim whatsoever, in the amounts, at the rates and times set forth hereinin this Lease, and in the manner set forth in this Section 5.01, provided, however, that payments of Minimum Rent shall not commence until the Rent Commencement Date. All payments of Rent shall be made at such the place as is provided set forth in Section 1.01 .G, above, 1.01.H or by wire transfer to Landlord’s bank account or at such other place as Landlord may from time to time otherwise designate by notice Notice to Tenant. B. If Tenant fails to pay any installment of Rent on or before the date the same becomes due and payable, such unpaid installment of Rent shall bear Interest as set forth in Section 17.03 of this Lease until paid. In addition, if Tenant fails to make any payment of Rent within ten (10) days from by the date that is five (5) days after such Rent is duedue and payable, Tenant shall pay Landlord a late payment charge (the “Late Fee”) equal to the greater of (i) five percent (5%) of such payment of Rent, or (ii) Twenty Dollars ($20.00) per day from the due date such Rent is due until the date of receipt by Landlord, except that Landlord shall not charge any such Rent is received; provided, however, on interest and/or the Late Fee with respect to the first occasion of the late payment of Rent (1st) such instance in any twelve (12)-month 12) month period, and no more than once in any twelve (12)-month period, Landlord agrees to waive its right to collect such late payment charge on such payment of Rent if such payment is made no later than amounts are paid within five (5) days after Notice that the fifth (5th) day after Landlord delivers to Tenant written notice of such late paymentsame are delinquent. Payment of such late charge Interest and/or the Late Fee shall not excuse or waive the late payment of Rent. C. If Landlord receives two (2) or more checks from Tenant that are dishonored by Tenant’s bank within any 24-month periodbank, all checks for Rent thereafter shall be bank certified and Landlord shall not be required to accept checks except in such form. Tenant shall pay Landlord any bank service charges resulting from dishonored checks, plus Fifty Dollars ($50.00) for each dishonored check as compensation to Landlord for the additional cost of processing such check. D. Any payment by Tenant of less than the total Rent due shall be treated as a payment on account. Acceptance of any check bearing an endorsement, or accompanied by a letter stating, that such amount constitutes “payment in full” (or terms of similar import) shall not be an accord and satisfaction or a novation, and such statement shall be given no effect. Landlord may accept any check without prejudice to any rights or remedies which Landlord may have against Tenant. E. For any portion If the Term begins or ends on a date other than the first day of a calendar month, Rent for the first month at of the beginning Term and/or the last month of the Term, Tenant as the case may be, shall pay in advance be prorated on a daily basis based upon the pro-rated amount number of the Rent for each day included days in such portion of the monthmonth and shall be paid in advance.

Rent Payable. A. Tenant shall pay all Rent to Landlord, without prior notice or demand and without offset, deduction or counterclaim whatsoever, in the amounts, at the rates and times set forth herein, and at such place as is provided in Section 1.01 .G1.01.G, above, or by wire transfer to Landlord’s 's bank account or at such other place as Landlord may from time to time designate by notice to Tenant. B. If Tenant fails to make any payment of Rent within ten (10) days from the date that such Rent is due, Tenant shall pay Landlord a late payment charge equal to the greater of (i) five percent (5%) of such payment of Rent, or (ii) Twenty Dollars ($20.00) per day from the date such Rent is due until the date such Rent is receivedreceived ; provided, however, on the first occasion of the late payment of Rent in any twelve (12)-month period, and no more than once in any twelve (12)-month period, Landlord agrees to waive its right to collect such late payment charge on such payment of Rent if such payment is made no later than the fifth (5th) day after Landlord delivers to Tenant written notice of such late payment. Payment of such late charge shall not excuse or waive the late payment of Rent. C. If Landlord receives two (2) or more checks from Tenant that are dishonored by Tenant’s 's bank within any 24-month period, all checks for Rent thereafter shall be bank certified and Landlord shall not be required to accept checks except in such form. Tenant shall pay Landlord any bank service charges resulting from dishonored checks, plus Fifty Dollars ($50.00) for each dishonored check as compensation to Landlord for the additional cost of processing such check. D. Any payment by Tenant of less than the total Rent due shall be treated as a payment on account. Acceptance of any check bearing an endorsement, or accompanied by a letter stating, that such amount constitutes “"payment in full” " (or terms of similar import) shall not be an accord and satisfaction or a novation, and such statement shall be given no effect. Landlord may accept any check without prejudice to any rights or remedies which Landlord may have against Tenant. E. For any portion of a calendar month at the beginning of the Term, Tenant shall pay in advance the pro-rated amount of the Rent for each day included in such portion of the month.

Rent Payable. A. Commencing on the Rent Commencement Date, Tenant shall pay all Rent to Landlord, without prior notice or demand and without offset, deduction or counterclaim whatsoever, in the amounts, at the rates and times set forth herein, in the manner set forth in this Section 5.01.A. Tenant shall (i) promptly execute any and at all agreements and authorizations, and supply any and all information necessary, to authorize Landlord to initiate debit entries (“Auto-Debit Transfers”) from Tenant’s account to Landlord for such place as is provided in Section 1.01 .G, above, or by wire transfer to Landlord’s bank account or at such other place portions of Rent due under this Lease as Landlord may from time elect to time be paid by Auto-Debit Transfer; and (ii) take all actions necessary on Tenant’s part to insure that any and all such payments will be received by the Landlord by the dates due as specified in this Lease. Except for the Security Deposit, Landlord initially elects that Minimum Rent shall be paid by Auto-Debit Transfer. Landlord may elect, by giving Notice to Tenant, that additional recurring payments constituting Rent shall be paid by Auto-Debit Transfer pursuant to this Section 5.01.A. All payments of Rent not made by Auto-Debit Transfer shall be made at the place set forth in Section 1.01. or as Landlord may otherwise designate by notice Notice to Tenant. B. If Tenant fails to make any payment of Rent within ten (10) days from by the date that such Rent is due, Tenant shall pay Landlord a late payment charge equal to the greater of (i) five percent (5%) of such payment of Rent, or (ii) Twenty Dollars ($20.00) per day from the due date such Rent is due until the date such Rent is received; provided, however, on the first occasion of the late payment of Rent in any twelve (12)-month period, and no more than once in any twelve (12)-month period, Landlord agrees to waive its right to collect such late payment charge on such payment of Rent if such payment is made no later than the fifth (5th) day after Landlord delivers to Tenant written notice of such late paymentreceipt by Landlord. Payment of such late charge shall not excuse or waive the late payment of Rent. Tenant acknowledges and agrees that such late charge is a reasonable estimate of the damages as a result of Tenant’s violations of this Section 5.01.B. and that it would be impracticable or extremely difficult to determine Landlord’s actual damages. Notwithstanding the foregoing, Landlord will not assess the foregoing late charge until Landlord has given written notice of such late payment for the first late payment in any twelve (12) month period and after Tenant has not cured such late payment within three (3) days from receipt of such notice (no other notices will be required during the following twelve (12) months for a late charge to be incurred). C. If Landlord receives two (2) or more checks from Tenant that are dishonored by Tenant’s bank within any 24-month periodbank, all checks for Rent thereafter shall be bank certified and Landlord shall not be required to accept checks except in such form. Tenant shall pay Landlord any bank service charges resulting from dishonored checks, plus Fifty Dollars ($50.00) for each dishonored check as compensation to Landlord for the additional cost of processing such check. D. Any payment by Tenant of less than the total Rent due shall be treated as a payment on account. Acceptance of any check bearing an endorsement, or accompanied by a letter stating, that such amount constitutes “payment in full” (or terms of similar import) shall not be an accord and satisfaction or a novation, and such statement shall be given no effect. Landlord may accept any check without prejudice to any rights or remedies which Landlord may have against Tenant. E. For any portion of a calendar month at the beginning of the Term, Tenant shall pay in advance the pro-rated amount of the Rent for each day included in such portion of the month.